TOKYO, Sept. 17, 2015 /PRNewswire/ -- Aqua Power Systems, Inc. (OTCMKTS: APSI) (the "Company"), operating through its wholly owned subsidiary Aqua Power System Japan Kabushiki Kaisha ("AP Japan"), is pleased to highlight current and near-term product distribution channels for its RMAF magnesium-air battery and fuel cell products.
Aqua Power has established a scalable organization with a comprehensive network of large well-resourced international partners for manufacturing, logistics, and distribution. All Aqua Power products are manufactured in China with distribution currently focused on Japan and Asian markets. The Company has been revenue generating since 2009.
Aqua Power's NoPoPo water activated batteries (over 8 million sold) are distributed throughout Japan and Asia through its network of wholesalers and retailers, which include chain stores such as Tokyu Hands. Since July 2014, the Aqua Power lantern lighting products have been distributed in Japan on a non-exclusive basis through Yamazen Corporation, a product development and distribution partner, which gave Aqua Power access to more than 100,000 stores throughout Japan.
The Company is currently evaluating and planning for international expansion through new distribution channels and potential licensing agreements with established manufacturers, distributors, and retailers. Aqua Power intends to expand its global distribution network as it expands its production capabilities and its product lines with the additional lighting devices and power supply equipment.
In preparation for international distribution, Aqua Power has completed and received approval of its general Material Safety Data Sheet (MSDS) disclosure covering RMAF magnesium battery and fuel cell products. The MSDS is intended to provide workers and emergency personnel with procedures for handling or working with substances found in RMAF products in a safe manner, and includes information such as physical data (melting point, boiling point, flash point, etc.), toxicity, health effects, first aid, reactivity, storage, disposal, protective equipment, and spill-handling procedures.
Tadashi Ishikawa, President of the Aqua Power, added, "In order to achieve further wide market acceptance for our products, Aqua Power also intends to submit its fuel cell lantern for safety analysis with the leading certification agency in the world. Successful UL Certification and compliance would represent another milestone towards further market acceptance worldwide and could open the door to several potential new international distribution channels for our products."
UL (Underwriters Laboratories) is an American worldwide safety consulting and certification company headquartered in Northbrook, Illinois. It maintains offices in 46 countries. UL was established in 1894 and has participated in the safety analysis of many of the last century's new technologies, most notably the public adoption of electricity and the drafting of safety standards for electrical devices and components.
Mr. Ishikawa concluded, "We are extremely committed to building upon our initial success in our Japan home market through expanding our manufacturing capabilities and establishing new international distribution channels for our current and future products in Europe, Africa, and across North America."
ABOUT AQUA POWER SYSTEMS, INC.
Aqua Power Systems, Inc. (APSI), through its wholly-owned subsidiary Aqua Power System Japan Kabushiki Kaisha, is a developer, distributor, and marketer of magnesium air fuel cell products. Founded in 2004 by Tadashi Ishikawa, Aqua Power Japan has successfully commercialized magnesium air fuel cells for generating safe, green, reliable and inexpensive off-grid electricity.
For additional information regarding Aqua Power, please visit www.aquapowersystems.com.
On behalf of the Board Tadashi Ishikawa, President
For further information please contact: [email protected]
Investor Relations contact: Netgain Financial Inc. (http://netgain-financial.com) at 1 760 942 4500
Notice Regarding Forward-Looking Statements
This press release contains "forward-looking statements," as that term is defined in Section 27A of the United States Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. Statements in this press release, which are not purely historical, are forward-looking statements and include any statements regarding beliefs, plans, expectations or intentions regarding the future.
Actual results could differ from those projected in any forward-looking statements due to numerous factors. Such factors include, among others, the inherent uncertainties associated with intellectual property protection, marketing and sale, manufacturing and distribution and difficulties associated with obtaining financing on acceptable terms. We are not in control of energy trends and prices and these could vary to make our business development uneconomic. These forward-looking statements are made as of the date of this news release, and we assume no obligation to update the forward-looking statements, or to update the reasons why actual results could differ from those projected in the forward-looking statements. Although we believe that the beliefs, plans, expectations and intentions contained in this press release are reasonable, there can be no assurance that such beliefs, plans, expectations or intentions will prove to be accurate. Investors should consult all of the information set forth herein and should also refer to the risk factors disclosure outlined in our most recent annual report for our last fiscal year, our quarterly reports, and other periodic reports filed from time-to-time with the Securities and Exchange Commission.
SOURCE Aqua Power Systems, Inc.